Pakistan to curb imports boost exports amid forex crisis

The caretaker government of Pakistan is planning to impose high duties on luxury and non-essential imports to save its dwindling foreign exchange reserves. The move comes less than six months after a similar measure was taken by the previous government.

The interim administration is also seeking to restore competitive gas and electricity rates for five export-oriented sectors, with some changes that could meet the IMF’s approval. The aim is to increase foreign exchange inflows through exports.

Fresh duties on the cards to curb luxury imports

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